adjective
(of goods or funds) not subject to taxation
-
the funds of nonprofit organizations are nontaxable
-
income exempt from taxation
• Syn: ↑exempt
• Ant: ↑taxable
• Similar to: ↑duty-free, ↑tax-exempt, ↑tax-free, ↑untaxed, ↑unratable
• See Also: ↑exempt
* * *
adj., n.; nontaxableness, n.; nontaxably, adv.
Useful english dictionary. 2012.